Economy

The independent firm affiliated with Raymond James recruits a veteran with nearly 40 years of industry experience.

The advisers are also balking at the firm's insistence that former advisers seeking to claim comp go through its dispute resolution process instead of FINRA.

The firm's newest recruits generated $3.5 million in annual revenue.

The firm's newest hire was an ex-Morgan Stanley complex manager.

If a client becomes incapacitated, who will give the financial planner directions?

Truxton Trust has just one office, in Nashville, but it boasts clients in some of the wealthiest locales in the country, including Silicon Valley and New York.

Concerns about the new fiduciary rule helped propel the move, along with a drop in LPL service, an adviser says.

The wirehouse will consider the move if “conditions remain as they are or grow worse,” CEO Sergio Ermotti says.

There's a chance clients won't be able to tell the difference if brokerages adopt uniform standards on investment products.

The acquisition hungry firm added nearly 800 independent and employee advisers over the previous year.

The recruit made more than $1 million in production before making the move, according to the regional broker-dealer.

Rejection is unsurprising and RCS plans to contest objections by Nicholas Schorsch-affiliated entities, says David Orlofsky, RCS' chief restructuring officer.

Earnings have been soft for the industry's biggest brokerages, but lending has helped bolster performance.

Most clients interested in artificial intelligence-enhanced software are in the broker-dealer and RIA markets.

The latest intelligence on which wirehouses and regional broker-dealers are offering the biggest recruiting packages to advisers.

The proposal, which would allow more consumers to join class-action lawsuits over disputes, could drive up compliance costs. Agency director Richard Cordray wants more accountability.

Competition is driving up what wealth management firms are willing to pay advisers looking to move, leading recruiters say.

The move broadens its line of digital advice offerings to better serve a variety of clients, says Pershing Advisor Solutions CEO Mark Tibergien.

The recruits moved to the independent side of Wells Fargo.

Wealthbalancer's developers say the multiple question approach employed by competing platforms is too general.